Initiative will scale worker-owned, home care cooperatives
Washington DC/Arlington, VA (March 21, 2017) – In an effort to create quality jobs for women aged 50 and older, AARP Foundation and Capital Impact Partners are working together to launch a national effort to scale worker-owned, home care cooperatives. Worker cooperatives are businesses owned and governed by employees
FY2016 lending in underserved communities totals $118 million
Arlington, VA (February 17, 2017)—Capital Impact Partners announced today that it financed projects in underserved communities across fives states including California, Michigan, Minnesota, New Hampshire, and Texas. Notable in this effort are deals that increased healthy food access, scaled cooperative efforts, and broadened and deepened the organization’s presence in Texas. Other enterprises supported by the organization included affordable housing, health care, and dignified aging facilities. This work is expected to create more than 275 permanent and 400 construction-related jobs, further providing help to those who live in the communities Capital Impact serves.
Independent rating recognizes organization’s strong asset quality, performance, and oversight
Arlington, VA (January 17, 2017)— S&P Global, the world’s leading provider of independent credit ratings, has assigned Capital Impact Partners with a “AA issuer credit rating with stable outlook”. The ratings analysis recognized Capital Impact’s strong asset quality and liquidity, minimal risk profile, and consistent growth in loans and assets.
Award Will Help Attract Private Sector Capital Where Investment Most Needed
Arlington, VA (November 17, 2016) —The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Capital Impact Partners $70 million in New Markets Tax Credits (NMTC) allocation. This allocation enhances Capital Impact’s ability to incentivize private sector investors to partner in financing projects that increase access to critical social services in distressed communities, spur economic development, and create jobs. Capital Impact will use this new allocation to finance high-impact projects in cities like Detroit, Los Angeles, and Richmond, VA.
$27 million in project financing will create social impact for underserved communities across five states
Arlington, VA (11/7/2016)—Capital Impact Partners announced today that it provided $27 million in financing to projects delivering social impact to underserved communities across the U.S. during the third quarter of 2016. Charter school financing in multiple states represented a big focus during the quarter, with additional loans helping to increase access to quality health care in California, affordable housing in Detroit, and dignified elder care in Pennsylvania and Washington. Of particular note is the fact that nearly half of the ventures represent continued relationships with existing borrowers.
Organization among select group to receive both financial assistance and healthy food financing awards
Arlington, VA (September 26, 2016) Capital Impact Partners announced today that it has received $4.4 million in grants from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to increase lending and investment in low-income and economically distressed communities across the nation. Capital Impact Partners will use this funding to expand its strategic financing efforts that support increased access to quality health care and education, healthy foods, affordable housing and dignified aging alternatives for underserved communities.
Capital Impact Partners joins with top CDFI Lenders in bond issued by Community Reinvestment Fund, USA supporting economic development projects
Minneapolis, MN/Arlington, VA (September 29, 2016) On behalf of three of the nation’s leading Community Development Financial Institutions (CDFI), Community Reinvestment Fund, USA, (CRF) has issued a $165 million bond in the fourth round of the U.S. Treasury Department’s CDFI Bond Guarantee Program (BGP). The three CDFIs—Capital Impact Partners, Low Income Investment Fund and Reinvestment Fund—will use bond proceeds to finance projects that will create jobs and increase access to critical services in underserved communities across the nation. CRF has issued a total of $590 million since 2014.
Capital Magnet Fund Award Will Support Detroit Revitalization Efforts
Arlington, VA/Detroit, MI (September 23, 2016)— Capital Impact Partners announced today that it has received a $4.8 million grant through the fiscal year 2016 round of the U.S. Department of the Treasury’s Capital Magnet Fund (CMF). Capital Impact Partners will use the funding to build upon its concentrated work in Detroit and expand affordable housing across this city.
$52.5 million in financing supports projects in underserved communities across five states
Arlington, VA (August 26, 2016)— Capital Impact Partners announced today that it provided $52.5 million in financing to projects delivering social impact for underserved communities across the U.S. during the first half of 2016. In particular, second–quarter loans increased 55 percent over the same quarter in 2015. These loans support projects that increase access to housing, health care and education for low-income communities while also creating hundreds of jobs.
First Healthier California Fund Loan Provides Financing for New Tri-City Health Center
Financing supports increased health care and dental access for uninsured and underserved Californians
Arlington, VA/Oakland, CA (July 18, 2016) – Capital Impact Partners today announced $1 million in financing for Tri-City Health Center’s newest clinic in Fremont, California serving 8,000 patients. This represents Capital Impact Partners’ first Healthier California Fund loan. This new lending initiative provides financing to help community health centers and clinics increase access to medical, dental and behavioral health services for California’s underserved, low-income residents, and in turn, meet Affordable Care Act (ACA) mandates.
